pressing issues and some of them of course have to do with the country's economy let's go through some of the highlights with our business analyst to meet him and i thank you so reentry it did seem to me like one of the key issues that he was stressing was trying to stop capital flight and bringing at least some of this money back it was that your question that was absolutely my impression too because the offshore is a should might sound like a very heavy word but apparently for putin it's clear this is the the main basic priority of his task for the next year at least because he says at least one trillion dollars in capital is held by people or companies operating in russia making their profits in russia or just keeping them and the money outside just to have preferential taxes conditions for example but but the central bank to reassure that this is changing although we are seeing capital outflow continuing is slowing down so it was around eighty billion last year around sixty seven million

this year so what was going to happen to those who already have their money abroad and what's going to happen to the money well the money has to be basically brought back safely carefully and in a civilized way as late in the painted as. you set it out recently so there's not going to be a crusade launched against companies or people holding assets abroad it's just that russia needs to do two things first work within the country to create a better investment climate to create better conditions for companies actually not to be interested in holding any assets off shore because well they have a safe conditions and profitable conditions to do it here at home and also work abroad with offshore zones like the cayman islands for example to bring transparency to a high level for them to understand. who is holding what where and where the money is coming from. and that is space pressure the very important in light of a huge deal which is coming up in b.p. and once nafta which will write an. it's russian shareholders known as

a are going to receive like twenty billion dollars in cash twenty eight billion dollars they are receiving in cash as opposed to b.p. is receiving shares and rosneft and i was part of that big deal we've been reporting massively on and the funny thing is that everybody knows that these russian billionaires shareholders in t. and t. b.p. they already hold everything offshore so basically that money is being paid by ross net which is a state company to an offshore lever putin was asked about whether that money is coming back into the country and this is actually what he said. you know if if we recognize the lawful and legitimate owners if they earn their money legally that is their business where they invest i would very much like them to invest the proceeds or a significant part of russia's economy and for that a lot of work must be done we are in contact right now with the major shareholders

so we hope they will decide in favor of investing in russia. so he said basically we can't make them spend the money in russia but what they will decide in favor of investing in russia well they will try to make them. ok this is when i say yeah you have to thank you very much business artie's determined that ankle thank you note or move in on the i stock exchange agreed to buy our rival the new york stock exchange one of the world's best known the trading powerhouses the deal worth about eight billion dollars will close in the second half of two thousand and thirteen pending of course regulatory approval which in this case is no formality the european commission blocked previous big merger attempts namely deutsche borse trying to buy the n.y.s.e. last year but patrick young of d.v. advisors says this deal is different. the intercontinental exchange the ice is the only really shareholder driven exchange there it's created by

a man jeff sprecher and he's frankly been the best manager in the course of the last ten years and in exchange he's driving it forward like a genuine shareholder driven entrepreneur the new york stock exchange on the other hand that unfortunately has as is often the case with a two hundred year old organization it's managed to move itself forward in many ways but ultimately it's stuck it still needs a lot of reform it needs somebody to really get in the ship and i really believe that the ice is management are the people to do that that really begs the question then why such a high premium on the and why. seethe doesn't sound like such a precious asset from what you're saying are well that's a very good point but i think here we have to really look at the history bear in mind the shares of the last few days of the new york stock exchange were done something like eighty percent eight zero percent from their all time high so actually coming in today this premium yes it looks incredibly frothy to where the

stock was tring only a couple of days ago but actually we're still talking about a share that's going to sell for essentially seventy percent or something like that or for of its all time high valuation just before the credit crunch in that sense it's not that expensive a property i mean let's face it what does it bring the ultimate household name in finance if you think back there are only three or maybe four exchanges in the world that pretty much everybody can manage to recognize whether they're young or old the new york stock exchange is the appeared to me brand of capitalism and as such it's probably not that expensive a price to be paying and let's quickly run through the equity markets now on wall street stocks are rebounding from a five week cologne this hour thanks mainly to the house speaker john boehner saying that he'll keep trying to find a compromise with president obama with less than twelve days left to the deadline and third quarter economic growth was a pleasant surprise exceeding analyst expectations. now on to the currencies

the russian ruble finished the day stronger to both the year and the dollars you can see here but that's reflecting the euro dollar dynamic the dollar regained just a notch just a lot of the ground that it lost in the previous trading session over in europe equities finished their session mixed london's footsie close flat to negative germany's dax finished just a notch in the block and here in moscow the session ended on a pretty upbeat note as you can see but they're both indices gained about three quarters of a percent and that's all the latest from the business desk of course you can always find a lot more fresh stories on our site it's r t dot com slash business. it's

perched atop a giant truck and the view from the both kremlin stretches as far as that i can see up for a city that all siberia for centuries. it lost its economic importance even before it was bypassed by the chance i bear in railway but the ball's cremains a spiritual center. was just. eat. things like these are a yearly occurrence thousands of orthodox worshippers implicity water to commemorate the baptismal jesus. i. was. there when you pull up our board that it doesn't matter if it's minus thirty it's a siberian tradition i do it myself every year for everyone to overcome their worst fears it is desirable to take the plunge. but that's a picture postcard church is the story of

a city built by opportunist explorers political exiles and crafty fur traders in the fifteen eighties the russians had only just conquered siberia taking it from the muslims. surrounded by enemies to be their stronghold constructed on top of the city but soon enough it became an economic hub siberian oil of its time bringing in a third of all russia's state revenue but the location head of the says for the russians are there. to moscow is one of the most popular places to send political dissent is not only people were exiled that once a giant power that was used to incite riots was supposed to set a three hundred ten. the russian aristocrats who led a revolt against the tsar and eight hundred twenty five known as the decembrists worse than hair and drove there they created a replica high society adopting the latest fashions as soon as they came out or at

least once they made it from paris to siberia. but the city also serves up some bit of irony for the russian royal family after the bolshevik revolution this is the office where nicholas the second spend most of the last year of his life his whole family had been exiled here and they led a fairly comfortable existence this was a big house but they weren't allowed to see visitors or go outside themselves leading this ordinary normal countryside lifestyle they even had thought of a scape but within the year bizarre and his family.

but it appeared to me to consider these cover. in retaliation for the magnitsky act the state duma passed a bill banning u.s. citizens from adopting russian orphans do you think this is and the proper response . children even the most deprived and helpless children are used as a tool in a political. stunt system in the skit but. it was first of all you say this was in retaliation for the magnitsky so let me say a couple of warts first about this law school and what i think about it and i have spoken on this subject before but i would like to retrace my views on this matter

the bills will not and this is certainly an on a friendly russian act and this is not about banning some officials from having a bank account it's all the property abroad the point is they replaced one antisocial russian on bill with another is the man you just let go a little bit. and this is very good at this point it's our relationship now to be sure you were raised and option of russian children by foreigners some of which far as i know opinion polls indicate look at the overwhelming majority of russian people are very negative about foreigners our children we should do it ourselves should encourage the dogshit of russia or france or abandon children by russian families that has forty. it was not with the people who adopt russian children which of course there were some tragic incidents that we were aware of but that the vast majority of people who adopt russian children are kind and decent people the

state duma does not have a problem with those people and the problem is with the position of the us authorities and what is their position when adopted russian the children are mistreated but i would use courts often ignore these crimes and let the offenders go unpunished if they even don't allow russian officials be present at the trials as observers. what is that concerns us. so much on the buy you can mitigate your rights of the mates in russian jails. that's a good cause they have many problems in their own country like i said infamous prison and i'm afraid i mean one ton of people are kept here without any charges this is all creatures not only to the keep people there without a charge they keep them in chains like in the middle ages but i believe that legalized torture in their own country. magine what it would be like if anything

like that happen in our country are they when you get off our back reasonable enough there would be a media circus all over the world but when they did nobody says only working to go to work on that how many times did they promise to close guantanamo yet it is still there the prison is still functioning. and we don't know they might still be torturing people there but. also. have they the people responsible for the. they want to tell us about our problems thank you we're well aware of them but using that as it were to pass an anti russian bill. outrageous and uncalled for. mr president i'm alexander. porter for argument. i'm adoptive parent myself and regardless of the foreign policy context i consider yesterday's amendments by the

state jima excessive unreasonable cannibalistic if you will excuse me the people who adopted this laura telling us that we already have enough money to look after all friends in our country and we have plenty of aspiring adoptive parents for the tens of thousand other children not exactly true. it's absolutely not true prime minister medvedev has said policies and programs. rested my personal experience for three years only that our entire system is going to her and. my personal great. where we were confronted with the great unlawful treatment for no particular reason i'm sorry for asking three questions instead of one i do hope some of my colleagues will ask specific questions regarding our judicial system i see blank you. far as yesterday's act is concerned i have already laid out my own i. agree with you

first of all i would like to read. this is not about specific people it was about the general attitude of american authorities over the record to emergency situations where children get victimized and you have their rights infringed upon such. cases are well known and so is the typical reaction by american authorities simply deny access to russian representatives when they want even allow them into court as observers which they did not i consider it unacceptable what do you think what they do is your operate without them with us how can it be proper when they. do you enjoy the. us see them as accused or something. they shouldn't our country anyway if it's true that we need to improve our own system. besides we're not inventing new doctrine by foreign nationals as such other countries apart from the united states. you know in some states they won't admit international election

observers to polling stations do you like that. then why do you choose this kind of language with a law such as cannibalistic you have adopted a child and i truly respect that and i hope that many more people will follow your example if you really are a decent person to get all done that it's true and i know what i'm saying for us for our judiciary which may be excessively scrupulous when examining adoption applications it largely depends on racial personal qualities i would judge presiding over a specific. but i remember how my good friend and former counterpart used their gerhard schroder and opted to wrestle children when it came to courting st petersburg but the judge asked them specifically how does he were elder the daughter if you live. and when the girl replied why would anybody ask my opinion the judge insisted i'm asking your opinion if you don't want it i will not permit

it she did that makes a lot of sense because each family member must make their personal decision and the judicial system essentially relies upon this principle to a strict but fair because there is a separate. problem and that is when adoptive parents terminate the dog once they have adopted a child there has been a significant number of such cases a simplified approach is not appropriate here and. society must be clear as to whether an aspiring adoptive parent is capable of raising and sustaining. whatever government provided benefits will be sufficient to provide for a child those are criterial bitstream. mr president what if you journalists have gathered here will have a lot of questions to ask the government to most people and it is first and foremost you who embody the calendar over the twelve years you have built

a tough believe an authoritarian regime of personal power how vital the think the system you know the twentieth century or perhaps it hinders russians no doubt and. i believe we have been able to ensure stability this is a necessary prerequisite for development but i can't call it a system with or. i can't agree with a statement of the most conclusive proof that it was my decision to take to the sidelines after my two consecutive turns as president if i thought that an authoritarian or totalitarian system was the best choice for us i would have simply amended the constitution but it was easy to do. one doesn't even need a nationwide referendum to do that it would have been sufficient to get adopted in parliament where we enjoyed a majority of over three hundred votes. stepping in the. conscious decision to both ensure a continuity of

a. country's constitution and its main laws. naturally back then let me say for sure i would come back in four years especially since the crisis and no one knew where it would. it would have been a plain absurd but we all had to make it through a tough time. so there is no way i would be calling the system or thora tarion but if somebody may believe that democracy and observing laws are two different things they're highly delusional. first and foremost about observing the last release but the anarchy of the ninety's largely discredited both market economy and democracy is such a fearful of them both of these are different things so i believe that no way does order discipline or observation of the law run counter to a democratic government. because i'd like to ask you about the situation in syria

as you know western countries there about turkey of the whole they all think that bashar asad must go as well otherwise they say it is impossible to have an ice in syria but trust that does not agree with this i do think this may leave russia isolated and eventually russia may lose its position on syria and even the entire middle east. feel about it when well has russia lost its position and well after all the mass that the intervention forces created there. i don't know what their motives were but the country's falling apart ethnic strife conflicts between tribes . and actually even the us ambassador there wasn't any call this kind of work at that. somebody asked me about my mistakes earlier don't you think this was a mistake if you want us to repeat such mistakes in other countries and again. what we care for is not the future of the acid rain we are fully aware of what is going on there and realize that this family has been in power for forty years or so

change is long overdue. we are more concerned about what will happen next which we don't want the opposition of once it comes to power if i think current authorities will become the opposition because this will go on forever. and of course we care about our positions in this region and this region is close to us. but what we care about is not just our interests there actually we don't have any special interest there we have almost no interest. do we have any particular economic relations with those countries no we don't. do you think president asad has been visiting moscow frequently no he spent much more time in paris and other european capitals. we think it is necessary to find a solution that will save the country from disintegration. of civil war.

russia's position is that. it is not our goal to help asad steyn trower at any cost but we think first the people of syria should decide on how they see their future how they are going to ensure their security and their own and only after that they should start. not vice versa but only if they can overthrow the government and then try to come to an agreement i don't think that agreements based on military victories are inappropriate. and i don't think they will be effective. and as regards what may happen there is up to the people of syria themselves.

please. more news today violence has once again flared up. and these are the images filled world has been seeing from the streets of canada. giant corporations are all today. divine power in action activate the sacraments. i am just this for me it is we are under the control of those governing us we say we're at the service of

a space mafia i found that on that day the magnetic fields of the sun will reflux and the adults will create the discipline got us there. after the second coming it will be a beautiful place it will receive its glory it will be a renewed world and it will be a beautiful place. full of professed. you'll stop this type of ammunition. it's good business for us it's kind of like being a doctor you know there's a disaster businesses. better unfortunately. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom hartman welcome to the big picture.

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